8031 Summer Place DrHumbleTX77338
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Humble at 8031 Summer Place Dr, Humble, TX, 77338 priced at $190,000 converts $1,789/mo rent into $417/mo cash flow after a $930/mo obligation. Total monthly income equals $1,789/mo, and annual cash flow totals $5,000/yr on $62,985 invested. Return on cash invested prints 27.85% in year one, and rental yield reads 11.3% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 146.78% and total cumulative return in cash sums $92,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,789/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1983
9,016 sqft lot
$N/A/sqft
$254 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77338, Humble, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,259 (100%) |
| Owner Occupied HU | 8,544 (49.5%) |
| Renter Occupied HU | 7,428 (43.0%) |
| Vacant Housing Units | 1,287 ( 7.5%) |
| Median Home Value | $260,461 |
| Average Home Value | $283,669 |
Housing Distribution
Address Breakdown
Residential
16,908
Single Family
11,771
Multi-Family
5,137
Businesses
1,942
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Listed by: Melanie Whiting • CB&A, Realtors
Mls Name: HAR
Mls Provider:
Mls ID: #22359548
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